Buying Swing: buying long leg of 870 pDS at 1.26-.70 1.40
Posted: Wed Sep 25, 2013 10:42 am
Buying Swing: buying long leg of 870 pDS at 1.26-.70 1.40 average area with .70 spread in mind. Using GOOG bearish bets to hedge the bullish bets. Yesterday we focused strongly bearish on , today it may be losing support 181.50, now that we bounced back up to the 881.50 area were entering some further out bearish weekly bets even though this may end up being bullish wicks. mental stop on this entry is .70 area. We now have weekly 485 cDS from friday fully bullishly exposed since we removed the 490 short leg, so they both create a bit of a strangle effect as hedges against each other. Again will continue to look at and as opposites and hedge that way into the future.
This trade is one part of a larger strategy so please look back at Previous posts to see the whole picture. AND IF YOU ARE NEW, PAPER TRADE FOR AT LEAST A FEW MONTHS because this is ADVANCED OPTIONS TRADING !!
This trade is one part of a larger strategy so please look back at Previous posts to see the whole picture. AND IF YOU ARE NEW, PAPER TRADE FOR AT LEAST A FEW MONTHS because this is ADVANCED OPTIONS TRADING !!